Cybersecurity

Natural gas futures gave up ground on Monday as traders mulled waning weather-driven demand and the potential implications of a cybersecurity attack on the largest fuel pipeline in the United States.    The June Nymex contract dropped 2.6 cents day/day and settled at $2.932/MMBtu. July fell 2.6 to $2.978. NGI’s Spot Gas National Avg. advanced 5.5…

There was no clear end in sight on Monday to the outage stemming from a cyberattack that forced the largest refined products pipeline in the United States offline late last week. Colonial Pipeline Co., a major supplier of gasoline, diesel and jet fuel to the eastern United States, said in a statement over the weekend…

As the United States has become the world’s largest producer of oil and natural gas, cybersecurity concerns in the sector have shifted from primarily protecting intellectual property to guarding against potential attacks from rival nations, an expert told NGI. “Intellectual property theft is still a concern; it could be from a criminal element or a…

FERC staff and electric utility regulators have outlined in a report best practices on how to effectively respond to and recover from cyber security incidents like the one that caused a natural gas pipeline to temporarily shut down earlier this year. Staff of the Federal Energy Regulatory Commission and the North American Electric Reliability Corporation…

A domestic natural gas pipeline was recently forced to shut down operations for two days following a cyberattack that affected control and communication assets on the operational technology (OT) network of a compression facility, according to the Department of Homeland Security’s (DHS) Cybersecurity and Infrastructure Security Agency.

The Transportation Security Administration’s (TSA) natural gas and oil pipeline security guidelines aren’t keeping pace with cybersecurity standards, according to a study by the U.S. Government Accountability Office (GAO).

Avangrid Inc. CEO Jim Torgerson wants the American Gas Association (AGA) to continue its historical focus on safety and resilience, but to also delve into innovation, as the trade group navigates the ever-changing landscape of cybersecurity, infrastructure upgrades and an aging workforce.

Pushing back against a Department of Energy (DOE) plan to bail out less competitive coal and nuclear power generators, oil and natural gas trade groups on Wednesday defended the pipeline industry’s cybersecurity efforts.

For the fifth consecutive year, companies are devoting more time and money to cybersecurity, according to a survey of public companies by BDO USA LLP.